Laredo Oil Preparing Midfork Well for Production
LAREDO OIL INC (LRDC)
NASDAQ:AMEX Investor Relations:
investor.laredopetro.com
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Source: PR Newswire
AUSTIN, Texas, July 23, 2024 /PRNewswire/ -- Laredo Oil, Inc. ("Laredo Oil") (OTC Pink Sheets: LRDC), announces that Hell Creek Crude, LLC, a wholly-owned subsidiary of Laredo Oil ("HCC"), has elected to perforate the casing within the Charles C zone of its recently drilled Reddig 11-21 well in the Midfork field located in Valley County, Montana. This well is the first of three production wells HCC plans to drill and operate in the Midfork field. According to Mark See, Chairman and CEO of Laredo Oil, "While drilling the Reddig 11-21 well, we encountered two viable zones, the Charles C and the Nisku, which we project will support economically productive wells. We have since cemented and cased the well to total depth through both zones. Our plan is to update the well permit and produce the Charles C zone first followed by further assessing developing the Nisku zone. I am excited to say that the Reddig 11-21 drilling results provide further evidence of the value of our Montana mineral ri
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